Strong support and resistance playing out overall on GBP/AUD. I think we have just had a minor breakout and return back to the downside. Good luck!
GBPAUD I will be looking at a short term sell. Give us a follow and like for more free upcoming forecasts and trade set ups.
As seen on the chart, price can breakout of the demand zone at 1.77863 downward and continue to short. Or the demand Zone can push the price upward back to the supply zone at 1.80000. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗
GBPAUD Short Setup Zone and Elliot Wave Strategy. Elliot Wave - Minor Wave-ii has been done and now preparing for the major Wave-3 Zone - Multiple rejection off the marked zones and also a double top at 1.80000
Please check the chart for the analysis and trade.
GBPAUD 15mins TF: We can see a clear rising wedge formed after an impulsive move to the downside. What I'd want to see before taking a trade is a clear retest of the structure before continuation to the downside.
As we can all see since the very start of February, the market has been consolidating between the 1.80000 (resistance) and the 1.78000 (support) price range. Half way into the month (18/2/21) price rejected the 1.80000 resistance area and started gaining some bearish momentum. Due to this momentum the market has formed a very clear bearish trend line creating LHs...
Please check the chart for the trade breakdown.
Short position below 1.7789, targets at 1.7693 to 1.7667
Can see that double top formed on the daily after that it made a LL, was waiting for the LH to be formed. H4, can clearly see it retested this TL and rejected it, bearish pressure in. Entered, adjusted my stop loss on 30m TF. Adjusted my TP by looking at the daily TF. RR of 9.58. Please, if you do take this trade, profits or loss, it is your own...
Confluences: -Daily M pattern -Price broke out of consolidation range and it's retesting it -Price is also at a major zone (now resistance) and has been under it for multiple 4h candlesticks indicating lack of bullish momentum -It's a beautiful 4.5 risk-reward Tell me what you guys think!
Hello everyone! GBP/AUD has closed below the previous support on the 4H chart. My TP will be all the way down at 1.74200, the SL is at 1.78550. Good luck with your trades!
XAU/GBP is on the rise. Weighing down on the pound against commodity driven markerts like the Ozzy, the KIWI, Looney and ZAR. Look to sell to the demand zone at 1.74624 At the moment, we are in a strong impulse wave (down) and we expect a pullback to the upside. Giving us an opportunity on TUES 23rd FEB 2021 to catch it at a discount. Watch how candles close...
The chart hit the top of the channel and couldn't break it. the same pattern happen 5, Jun 2020 when the graph touched the bottom of the channel it goes side and after that goes up. While the GBP struggling with COVID_19, Australia has recouped almost all the jobs lost in April/May 2020 as Su-Lin Ong claim.